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International Business Times
International Business Times
Business
Marvie Basilan

Over $400K May Have Been Stolen In Alleged MicroStrategy X Account Hack: Reports

MicroStrategy Bitcoin Michael Saylor Crypto ZachXBT
MicroStrategy's X account has been compromised, crypto security firms said. (Credit: Youtube Screenshot/ MicroStrategy Official YouTube Channel)

KEY POINTS

  • ZachXBT first reported that $440,000 was stolen from the compromise
  • Crypto security firms have since flagged the MicroStrategy X account as being "compromised"
  • MicroStrategy recently announced it was transitioning to a "Bitcoin development" company

Hackers appear to have taken over MicroStrategy's account on X (formerly Twitter) briefly on Sunday night to trick people into getting their wallets drained, as per crypto security analysts and researchers.

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